Karachi October 15 2023: The per tola price of 24 karat gold increased by PKR 4,900 and was sold at PKR 202,000 on Saturday compared to its sale at PKR 197,100 the previous day of trading.
The price of 10 grams of 24 karat gold also increased by PKR 4,201 to PKR 173,182 from PKR 168,981 whereas the prices of 10 gram 22 karat gold went up to PKR 158,750 from PKR 154,900 the All Sindh Sarafa Jewellers Association reported.
The price of per tola and ten gram silver remained constant at PKR 2,500 and PKR 2,143.34 respectively.
The price of gold in the international market increased by $46 to $1,938 from $1,892, the Association reported.
The Israeli-Hamas war has sharpened focus on rising geopolitical risks for financial markets, as investors wait to see if the conflict draws in other countries with the potential to drive up oil prices further and deal a fresh blow to the world economy.